Whales Are Ditching XRP: $1M Whale Exodus Floods Into Solana & IntelMarkets For An Explosive Bull Run 

October 25, 2024
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3 min read

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In a revealing crypto market shift, whales have pulled $1 million+ from Ripple (XRP). Many of them move into Solana (SOL) as they try to optimize returns. This comes at a time when XRP is finding it hard to sustain its upward trajectory as large players are seeking more aggressive options in the market.

IntelMarkets is quickly becoming one of those opportunities. Its user-friendly interface with advanced trading tools has become its principal advantage. With talk of an impending bull market, IntelMarkets is positioning itself as one of the next wave of smart money plays.

Why Big Investors Are Moving Away from Ripple (XRP)?

Whale investors are starting to pull their money out of Ripple (XRP), and the reasons are becoming clear. Ongoing legal battles with the SEC have cast doubt on XRP’s future. The question of whether it qualifies as a security has left the crypto in a regulatory gray area which makes it less appealing to big players. No one wants to take on that level of risk while the lawsuit remains unresolved.

Meanwhile, the Ripple (XRP) price performance has been shaky. Over the last month, it’s dropped by 10.40%, with its current price hovering around $0.5273. Key technical indicators, like the RSI sitting at 40.34, show that Ripple (XRP) is approaching oversold territory. 

While this might signal a potential rebound, many experts aren’t convinced it’s enough to spark serious growth. With resistance holding firm at $0.59, there’s little confidence that Ripple (XRP) can push higher in the near term.

On top of that, the 24-hour trading volume of $1.04 billion, while significant, isn’t enough to keep these big Ripple (XRP) investors locked in. Instead, they’re moving their capital to projects with clearer growth paths and fewer legal complications.

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Solana (SOL) Sees Rising Interest as Whales Seek New Opportunities

Solana (SOL) is quickly becoming the go-to choice for big investors. Its strong technical advantages, like scalability and low transaction costs, are driving renewed attention. After weathering setbacks from the FTX collapse, Solana (SOL) has bounced back stronger. Recently, Solana (SOL) projects secured $173 million in private funding which shows investor confidence is on the rise.

From a price perspective, Solana (SOL) is currently trading at $173.80, it’s up 18.62% in the last month. Technical indicators suggest there’s more growth ahead. The RSI is sitting at a neutral 70 hinting at continued gains. Even more telling,  Solana (SOL) 200-day moving averages—both exponential and simple—are well below the current price which is a strong upward trend.

Moreover, investors are noticing the Solana (SOL) ability to outperform its competitors in fee generation. Raydium is leading the charge, with Solana’s daily trading volume reaching $4.25 billion. With capital pouring in and key projects migrating back to the platform, whales are clearly betting on the Solana (SOL) long-term potential.

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IntelMarkets Is Becoming a Powerful Contender for Whale Investments

IntelMarkets (INTL) is quickly catching the eye of serious investors due to its retail traders tools typically reserved for institutional players. Built on the Zirkon blockchain, IntelMarkets delivers real-time insights and lightning-fast execution. Its advanced AI with an easy-to-use interface makes it a perfect fit for traders at any experience level.

The platform Intell-M channel analysis combines macro and technical data in one place. Therefore predicting market moves simpler. Rodeum AI, its native blockchain AI, pulls data directly from the source and cut out third-party delays. Traders also get a consolidated view of liquidation levels and market positions so there is no need to juggle multiple tools.

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Also with quantum computing becoming a reality, IntelMarkets is already ahead with its Route X21 protocol. This technology aims to safeguard blockchain assets against quantum threats. On top of that, IntelMarkets offers privacy-focused trading so users can trade over 100,000 crypto assets without going through KYC verification.

Financially, IntelMarkets is going upward. The presale has already raised over $1.5 million, with tokens currently priced at $0.036. This price will soon increase to $0.045. For token holders, holding INTL tokens unlocks a 30% discount on trading fees, which is a big deal for high-volume traders. 

Discover More About IntelMarkets:

Presale: https://intelmarketspresale.com/ 

Buy Presale: https://buy.intelmarketspresale.com/ 

Telegram: https://t.me/IntelMarketsOfficial 

Twitter: https://x.com/intel_markets

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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